Israel Tower of David coins

In 2010, Israel proudly introduced its very first gold bullion to the world in the form of the .9999 fine Israel Tower of David coins. This is the first in the Jerusalem of Gold series. It comes denominated with a face value of 20 New Sheqalim and is sure to be a hit with international coin collectors and investors alike.

Israel Tower of David Coins Background and History

The Holy Land Mint made a shrewd decision when it began to issue this new Bank of Israel backed Jerusalem of Gold series back in 2010. They opted to have the Royal Dutch Mint strike their first year issue the Israel Tower of David coins with an incredibly restricted mintage of only 3,600 coins. As you might expect, the first year sold out in no time. All coins in this series are issued in legal tender and bear a stated face value of 20 New Sheqalim. Each of these sharply engraved pieces contains an impressive .9999 gold purity. Israel's original gold bullion coins have a price tag that varies with the international daily price of gold along with a premium over the spot metal price.

The new bullion coins were intended to have value to both investors and collectors. All of the bullion gold coins in the new series portray a beloved historical landmark within Jerusalem's eternal old city. A single theme appeared each year beginning in 2010 with the Tower of David. All coins are issued in an original box and include a certificate of authenticity. The coins were designed by Meir Eshel.

Israel Tower of David Coins Physical Characteristics

Coin Design

The front side of coins is known by their official name as the “obverse.” Israel Tower of David coins' obverse contains a portrait of the Tower of David. This important ancient world stronghold was constructed in the second century B.C. to strengthen the defenses of the old walled city. The obverse contains a few different phrases inscribed. It says in Hebrew, Israeli, and English “Jerusalem,” the face value “20 New Sheqalim” and “1 Oz. Fine Gold .9999.” The Star of David depicted here represents the mint mark for Israel. This design on the obverse changes with each year's new and varied theme.

The back side of the coin is known as the “reverse.” These coins' reverse remains the same year in and year out in the series. It features the long time Israeli symbol of the Lion of Megiddo. This beast has a curved tail and comes from a ancient seal that was found excavated from Megiddo fortress in the Jordan River Valley. It dated from the eighth century B.C. The seal itself was the property of Shema, an official of the Israelite King Jeroboam II. The lion also serves as the Kingdom of Judah and Tribe of Judah symbol, as well as the symbol of Jerusalem itself. This exact lion has graced Israeli circulating currency and coinage including the 1958 issued Israeli 5 Lira Banknote, the 1978 issued 5 Lira Coin, and the 1980 issued Half Sheqel Coin. Atop the lion's figure is the Emblem of the State of Israel along with the single word “Israel” inscribed in English, Hebrew, and Arabic.

Specifications

With .9999 gold fineness, the Israeli Tower of David gold coins are among the purest in the world. Their specifications are:

Mass: 1 troy ounce

Diameter: 32 mm

Thickness: 3 mm

Purity: 99.99% gold

Israel Tower of David Coins Pricing

Israeli Tower of David gold coins are legal tender in Israel today. Each coin depicts the face value of 20 New Sheqalim. This face value gives the coins a minimum guaranteed value, but it does not comprise the total intrinsic value of these beautiful pieces which are substantially higher. The market value of such coins is based mostly on the spot price of gold along with some supply and demand dynamics.

In truth it is this intrinsic value of the Tower of David coins which makes their market value and prices. The market value determines these coins' worth in a portfolio of retirement or investment holdings. These gold bullion coins command a premium over gold spot prices. Their collectible nature along with tiny mintage contributes to their value for collectors and investors alike. Production and distribution costs help to justify this substantial premium over spot gold. The true market value of these issues goes up and down every market trading day as do gold prices themselves. You can quickly ascertain the real time price of gold simply by clicking on our homepage.

Can IRA Accounts Contain Israel Tower of David Coins?

It is entirely up to the American Internal Revenue Service as to whether or not a bullion precious metals coin can be included in an IRA retirement account holding. Precious metals IRAs can only acquire and contain those bullion coins that meet a high standard of both purity and collectibility. To fund such a precious metals account, you must first make a minimum initial purchase of $5,000 or more in approved bullion bars or coins. Later purchases can be obtained for the lesser amount of $1,000 in coins which are approved. If you happen to have another kind of IRA account, this can be simply rolled over to a self directed IRA precious metals account. Once your sanctioned bullion coins have been bought and received by your IRA administrator, they must be immediately stored by an IRS approved depository vault. These vaults both maintain and safeguard your gold bullion investments while they are a part of your IRA account.

Though they are beautiful and highly sought after pieces, the Israeli Tower of David gold coins may not be a part of your precious metals IRA. They do surpass the minimum purity standards of .995 gold with their impressive .9999 fineness. The problem is that they are so very rare and of such limited issue that the IRS deems them to be more collectible coins than bullion pieces. The IRS takes issue with their premium over spot gold prices. Even though they may not be a part of your self directed IRA, these Israeli Tower of David gold coins make wonderful investment choices for other types of retirement or investment portfolios. You can purchase them from any international coin dealer who happens to have them in stock.

Sign up to learn more. It's free!

If you're worried about the economy and want to learn tips on how to protect your retirement savings in case of another systemic collapse, sign up to our monthly newsletter now for free! We cover topics such as: precious metals investing, inflation, currency devaluation, national debt, the Fed's financial policies, world politics, and much more. Join now and we'll send you a free PDF report entitled “5 scams to avoid when investing in bullion gold & silver”

Live Metal Pricing

Become a Smarter Investor!

Sign up to receive our FREE monthly newsletter to get recession-proof investment and retirement tips. Sign up now and we'll send you a free copy of our 20-page PDF report entitled "5 scams to avoid when investing in bullion gold & silver"

Last 3 Posts From Our Blog

The Chinese Premier Li Keqiang made a rare and somewhat startling admission this past week. He admitted that the Chinese government will have to support the economy as new pressures to national growth emerge. Translation: All is far from well with China economically. In this...

Recently released data revealed that the economy of the euro zone has experienced its slowest rate of growth in the last four years for the last three months in 2018. More recently than this, manufacturing data (for Germany and the block as a whole) uncovered...

This last week there was more bad news out of the student loan market bubble. For the fourth quarter of 2018 ending December 31st, the total American household debt reached an all-time high amount of $13.54 trillion. A large percentage of this comes from student...

Follow Us

Billionaire Quotes on Gold

Jim Rogers (net worth of $300 million)

M.G. George Muthoot (net worth 1.1 billion)

"If this business was as easy as it sounds, all my branch managers would be setting up their own gold loan companies."

George Soros (net worth of 22 billion)

"The U.S. dollar is very weak. Investors are moving to real assets."

Eike Batista (net worth of 30 billion)

"There is a massive shifting of wealth to new economic powers."

Carl Icahn (net worth of 12.5 billion)

"The system is not working properly."

Paul Tudor Jones (net worth of 3.3 billion)

"I have never been a gold bug, it is just an asset that, like everything else in life, has its time and place. And that time is now."

Gold IRA Guide’s mission is to provide you all the information you need for a safe precious metal investment through an IRA, 401k, SEP or any other retirement vehicle. Our team comprises of ex-Wall Street folks and independent financial journalists with a passion for alternative investments and portfolio protection/diversification. [learn more]

FTC Disclosure: we are a professional and independent site that aims at providing valuable information for people interested in retirement investing. Our content does not constitute financial advice. You are encouraged to talk to your financial advisor before making any investment decision. Also, in order to meet the running costs of this blog, we do receive compensation from ads and banners you see on the site. We also receive compensation from leads we refer to external companies.

Worried about the Economy? Inflation? National Debt? Money Printing? Currency debasement? Join our Newsletter and get expert recession-proof investment tips straight to your mailbox, completely free of charge! Join now and get a copy of our free PDF guide that will teach you everything you need to know about Gold IRA investing.

Valid email address required. Your information will never be shared or sold to a 3rd party. We only send out emails once a month. You can unsubscribe at any time.

Do NOT invest in precious metals...

...before requesting this free PDF guide. The information contained in this guide can help you save thousands of dollars in hidden fees and commissions. It's a must-have.